XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 25, 2019
May 26, 2018
May 25, 2019
May 26, 2018
Net revenues $ 528,940 $ 562,261 $ 1,455,278 $ 1,480,641
Cost of goods sold 442,356 476,747 1,231,269 1,264,635
Gross profit 86,584 85,514 224,009 216,006
Selling, general, and administrative expenses 35,332 35,304 106,303 95,381
Amortization of intangible assets 2,278 1,933 7,204 5,921
Total operating expenses 37,610 37,237 113,507 101,302
Operating income 48,974 48,277 110,502 114,704
Interest expense 4,446 4,172 13,293 13,871
Non-operating income (360) (100) (1,330) (212)
Income before income taxes 44,888 44,205 98,539 101,045
Provision for income taxes 8,717 11,684 18,609 28,478
Net income $ 36,171 $ 32,521 $ 79,930 $ 72,567
Income per common share:        
Basic $ 1.15 $ 1.03 $ 2.53 $ 2.30
Diluted $ 1.14 $ 1.02 $ 2.52 $ 2.28
Weighted average common shares outstanding:        
Basic (in shares) 31,493 31,582 31,546 31,617
Diluted (in shares) 31,644 31,753 31,722 31,825
Other comprehensive income (loss):        
Amortization of net actuarial loss (net of tax of $3, $3, $8, and $9) $ 8 $ 7 $ 24 $ 20
Change in fair value of interest rate swap (net of tax of $114, $42, $327, and $877) (362) 129 (1,018) 2,046
Total other comprehensive income (loss) (354) 136 (994) 2,066
Comprehensive income $ 35,817 $ 32,657 $ 78,936 $ 74,633